Trade Desk Inc (TTD) Expected to Post Earnings of $0.45 Per Share

Brokerages expect Trade Desk Inc (NASDAQ:TTD) to post earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Trade Desk’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.40. Trade Desk posted earnings per share of $0.33 during the same quarter last year, which suggests a positive year-over-year growth rate of 36.4%. The company is expected to announce its next earnings results after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that Trade Desk will report full-year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.57. For the next year, analysts anticipate that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.61 to $2.01. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Trade Desk.

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Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $76.84 million. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 49.8% on a year-over-year basis.

A number of equities analysts have recently weighed in on the stock. SunTrust Banks raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.25 to $55.00 in a research note on Monday, December 11th. Vetr cut shares of Trade Desk from a “strong-buy” rating to a “buy” rating and set a $52.18 price objective on the stock. in a research note on Tuesday, January 23rd. Macquarie began coverage on shares of Trade Desk in a research note on Thursday, October 12th. They issued an “outperform” rating and a $78.00 price objective on the stock. BidaskClub cut shares of Trade Desk from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Stifel Nicolaus began coverage on shares of Trade Desk in a research note on Thursday, January 18th. They issued a “buy” rating and a $62.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Trade Desk presently has an average rating of “Buy” and a consensus price target of $63.67.

Trade Desk (TTD) opened at $44.20 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. Trade Desk has a 12 month low of $28.23 and a 12 month high of $67.30. The firm has a market cap of $1,867.64, a price-to-earnings ratio of 43.72, a PEG ratio of 1.18 and a beta of 3.62.

In other Trade Desk news, COO Robert David Perdue sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.08, for a total transaction of $360,600.00. Following the sale, the chief operating officer now directly owns 97,983 shares of the company’s stock, valued at approximately $4,711,022.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $49.59, for a total transaction of $495,900.00. Following the sale, the insider now directly owns 44,550 shares in the company, valued at $2,209,234.50. The disclosure for this sale can be found here. Insiders have sold a total of 80,924 shares of company stock worth $3,935,683 over the last ninety days. 26.87% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Trade Desk by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 8,676 shares of the technology company’s stock worth $435,000 after acquiring an additional 720 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Trade Desk by 57.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,038 shares during the period. Optimum Investment Advisors lifted its holdings in shares of Trade Desk by 22.6% during the 3rd quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock worth $400,000 after acquiring an additional 1,200 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Trade Desk by 129.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after acquiring an additional 1,550 shares during the period. Finally, Shaker Investments LLC OH lifted its holdings in shares of Trade Desk by 3.1% during the 4th quarter. Shaker Investments LLC OH now owns 54,160 shares of the technology company’s stock worth $2,477,000 after acquiring an additional 1,640 shares during the period. Institutional investors and hedge funds own 66.85% of the company’s stock.

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About Trade Desk

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.